Property profile

408 Center Rd Kokomo, IN 46902

FOR SALE
Turn key restaurants
Property ID
US31-0175014
4,184 SF 0.66 ac lot Built 1981
Entity Owned 17-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 408 E Center Road in Kokomo, Indiana, presents a compelling investment opportunity. Situated on a 0.67-acre lot at the highly visible intersection of Center Road and 931, this building offers over 4,000 square feet of adaptable space. Its prime location ensures excellent visibility and accessibility for customers and employees alike. Ample on-site parking is available, easily accommodating high traffic volume. The interior layout is well-suited for a variety of commercial uses. A spacious dining area is ideal for businesses requiring customer seating, complemented by a fully equipped prep area and a convenient walk-in refrigerator. The property benefits from a newer metal roof, providing long-term durability and minimizing maintenance costs. This property is priced at $425,000 and represents an excellent chance to establish or expand a business in a thriving Kokomo location. The combination of size, location, and features makes this an attractive option for discerning buyers seeking a versatile and well-maintained commercial space. Don't miss this opportunity to secure a prominent presence in a high-traffic area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1981
Total area 4,184 SF
Lot 0.66 ac (28,750 SF)
APN 34-10-18-353-004.000-015
UPID US31-0175014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

408 Center Rd Kokomo, IN 46902
Kokomo metro Census 1400 KOKOMO, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message